4 Key Takeaways From Meta’s Earnings Call [Video]

After Meta Platforms (META) reported second-quarter results that beat analysts’ estimates, CEO Mark Zuckerberg gave investors an update on the tech giant’s artificial intelligence (AI) developments, outlook, and more in the company’s earnings call.

Meta highlighted several of its AI-related developments in the call, including progress in adoption of Meta AI, the company’s AI assistant that is integrated into Facebook, Instagram, and WhatsApp.

Zuckerberg said Meta AI, which rivals offerings from Microsoft-backed (MSFT) OpenAI and Alphabet’s (GOOGL) Google, is “on track to achieve our goal of becoming the most used AI assistant by the end of the year.”

However, it may be some time before Meta AI can be monetized, with Zuckerberg telling analysts that monetization isn’t expected for “years.”

Meta, along with many of its big tech peers, has boosted spending to invest in AI infrastructure, raising concerns about whether AI’s costs will pay off.

In its second-quarter update, the company …